Top 10 Transactions from September 29 - October 2, 2025

Top 10 Transactions from September 29 - October 2, 2025: PE, VC & M&A Highlights

Top 10 Transactions from September 29 - October 2, 2025: PE, VC & M&A Highlights
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When it comes to deal sourcing, the universe is vast – and often fragmented. Information is scattered across filings, announcements, and rumors, making it difficult to separate noise from signal.

That’s why inside dakota marketplace, we’ve zeroed in on this space, and built a centralized resource where deal professionals can easily find and track both private and public company transactions that matter most.

In this article, we’ve highlighted 10 standout transactions from last week that stood out and signal key trends shaping the deal landscape. By the end of this, you’ll have a better understanding of these deals.

1. Mr. Cooper Group - Strategic Acquisition

  • Transaction Date: 10/2/2025
  • Type: Merger & Acquisition
  • Sector: Financials
  • Transaction Value: $14.2B
  • Participants: Rocket Companies

Rocket Companies has completed its $14.2 billion acquisition of Mr. Cooper Group, uniting the nation’s largest home loan originator with its largest mortgage servicer. The merger creates a combined servicing portfolio of nearly 10 million homeowners, with J.P. Morgan, Citigroup, Paul Weiss, and Wachtell Lipton among the deal’s key advisors.

2. OxyChem - Strategic Acquisition

  • Transaction Date: 10/2/2025
  • Type: Merger & Acquisition
  • Sector: Materials
  • Transaction Value: $9.7B
  • Participants: Berkshire Hathaway

Berkshire Hathaway has agreed to acquire Occidental’s chemical division, OxyChem, in an all-cash deal valued at $9.7 billion. The sale will help Occidental reduce debt following its CrownRock acquisition, while Berkshire gains a global portfolio of chemical assets supporting industries from water treatment to healthcare.

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3. Merus - Strategic Acquisition

  • Transaction Date: 9/30/2025
  • Type: Merger & Acquisition
  • Sector: Healthcare
  • Transaction Value: $8B
  • Participants: Genmab

Genmab is set to acquire Merus in an all-cash deal valued at approximately $8 billion, significantly enhancing its late-stage oncology pipeline with the addition of petosemtamab, a promising bispecific antibody granted two Breakthrough Therapy Designations. This strategic move marks a major step in Genmab’s transition to a wholly owned model, positioning the company for sustained growth and multiple new drug launches by 2027.

4. Axcelis/Veeco 

  • Transaction Date: 10/1/2025
  • Type: Merger & Acquisition
  • Industry: Semiconductors & Semiconductor Equipment
  • Transaction Value: $4.4B
  • Participants: Axcelis, Veeco
5. Just Eat Takeaway.com - Strategic Acquisition
  • Transaction Date: 9/29/2025
  • Type: Merger & Acquisition
  • Sector: Consumer Discretionary
  • Transaction Value: $4.3B
  • Participants: Prosus N.V.

Prosus has announced a €20.30 per share all-cash offer to acquire Just Eat Takeaway.com, aiming to form the fourth largest food delivery group globally and strengthen its presence in the European market. By combining Prosus’s global scale and AI-driven logistics expertise with Just Eat Takeaway.com’s strong regional brand presence, the deal is set to accelerate growth and innovation across food delivery, grocery, and adjacent services.

6. Esure - Strategic Acquisition

  • Transaction Date: 10/1/2025
  • Type: Merger & Acquisition
  • Sector: Financials
  • Transaction Value: $1.75B 
  • Participants: Ageas

Ageas has completed its $1.75 billion acquisition of esure after receiving all necessary regulatory approvals, cementing its position as one of the top three personal lines insurers in the UK. This strategic move expands Ageas’s distribution channels, enhances technology and data capabilities, and is expected to deliver significant synergies and cash flow growth, becoming accretive to Holding Free Cash Flow per share by around 10% after 2027. 

7. Tampa Bay Rays - Strategic Acquisition

  • Transaction Date: 10/2/2025
  • Type: Buyout/Private Equity
  • Sector: Consumer Discretionary 
  • Transaction Value: $1.7B
  • Participants: Patrick Zalupski

Major League Baseball owners have unanimously approved the $1.7 billion sale of the Tampa Bay Rays to a group led by Dream Finders Homes CEO Patrick Zalupski, marking a major step toward finalizing the franchise transfer. With the deal expected to close this week, the new ownership plans to keep the team in the Tampa Bay area and will begin exploring new stadium site options ahead of the lease expiration at Tropicana Field in 2028.

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8. Fortegra Group Inc - Strategic Acquisition

  • Transaction Date: 9/29/2025
  • Type: Merger & Acquisition 
  • Sector: Financials
  • Transaction Value: $1.65B
  • Participants: DB Insurance

DB Insurance has agreed to acquire U.S.-based specialty insurer Fortegra for approximately $1.65 billion in cash, marking the largest-ever U.S. market entry by a Korean non-life insurer. The deal gives DB Insurance a strong platform for global growth, expanding its presence in the world’s largest P&C markets while enhancing Fortegra’s ability to scale under a financially robust parent.

9. Dentalcorp - Take-Private / Public-to-Private

  • Transaction Date: 9/29/2025
  • Type: Buyout/Private Equity 
  • Sector: Healthcare 
  • Transaction Value: $1.58B
  • Participants: GTCR

Dentalcorp has agreed to be acquired by investment funds affiliated with GTCR in an all-cash transaction valuing the company at C$2.2 billion, offering shareholders C$11.00 per share — a 33% premium to its recent trading average. With over 60% voting support already secured, the deal is set to take Canada’s largest dental services organization private, enabling it to accelerate long-term growth with enhanced flexibility and investment capacity.

10. Groupe La Centrale - Strategic Acquisition

  • Transaction Date: 9/29/2025
  • Type: Merger & Acquisition
  • Sector: Consumer Discretionary
  • Transaction Value: $1.3B
  • Participants: Prosus's OLX

OLX Group has agreed to acquire French autos classifieds leader La Centrale for €1.1 billion, marking its strategic entry into Western Europe and expanding Prosus’s European ecommerce ecosystem. The deal combines OLX’s AI-driven classifieds scale with La Centrale’s trusted brand and local expertise, positioning the platform for accelerated growth in France’s high-value used car market.

Transactions with dakota marketplace

At dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team is constantly monitoring the news for real-time updates on platform investments, add-ons, divestitures, and more. Each day, we deliver these highlights directly to your inbox through our transactions newsletter.

Inside dakota marketplace, the transactions tab gives you access to structured, filterable data complete with dates, deal structure, sectors, and financials, so you can build a feed tailored to your specific interests.

Whether you're evaluating a new investment opportunity or tracking trends in a target sector or segment, dakota Marketplace helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of dakota marketplace.

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Written By: Cate Costin, Marketing Associate